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Zcash price drops 7.4% after NU7 upgrade amid liquidations, ETF outflows, and profit-taking

Market News
08 Nov 2026, 05:12 WIB
CryptoTicker
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Bearish
Zcash price drops 7.4% after NU7 upgrade amid liquidations, ETF outflows, and profit-taking

Zcash (ZEC) fell 7.4% to around $1,250 within 24 hours after the NU7 network upgrade on November 6, 2026. The decline was driven by $4.13 million in forced liquidations of leveraged long positions, an $11 million outflow from the Grayscale Zcash ETF, and profit-taking following a nearly 95% gain over the year. Despite the drop, ZEC remains in the top 10 cryptocurrencies by market cap, trading between support levels of $1,030-$1,100 and resistance around $1,370-$1,440. Investors in Germany should note regulatory changes under EU's MiCA and tax rules affecting holding periods and leveraged trading risks.

Zcash's recent price drop is noted here alongside Pluang's broader cryptocurrency market data. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 08, 2026 08:51 WIB: out of 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell today. Among notable movers, ZIL (Zilliqa) declined 5.25% to Rp30 with a typical hold time of 134 days and a Pluang order activity split of 45% Sell / 55% Buy; VET (VeChain) dropped 5.08% to Rp94 with a 149-day typical hold time and 53% Sell / 47% Buy order activity; THETA (Theta Network) fell 4.01% to Rp2,606 with a typical hold time of 78 days and 0% Sell / 100% Buy order activity.

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